Group 1 - The core viewpoint of the news is that Meilixin's stock price increased by 5.27% to 35.96 CNY per share, with a trading volume of 322 million CNY and a turnover rate of 8.50%, resulting in a total market capitalization of 7.573 billion CNY [1] - Meilixin Technology Co., Ltd. is located in Banan District, Chongqing, and was established on May 14, 2001, with its listing date on April 24, 2023 [1] - The company's main business involves the research, production, and sales of aluminum alloy precision die-casting parts in the communication and automotive sectors, with revenue composition as follows: automotive parts 64.79%, communication components 29.88%, other supplementary parts 3.84%, and other components 1.49% [1] Group 2 - Among the top ten circulating shareholders of Meilixin, Penghua Fund's carbon neutrality theme mixed fund A (016530) entered the list in the third quarter, holding 1.7533 million shares, accounting for 1.61% of the circulating shares, with an estimated floating profit of approximately 3.1559 million CNY [2] - The Penghua carbon neutrality theme mixed fund A (016530) was established on May 5, 2023, with a latest scale of 2.83 billion CNY, and has achieved a return of 0.57% this year, ranking 7940 out of 8847 in its category; over the past year, it has returned 65.98%, ranking 1005 out of 8094; and since its inception, it has returned 108.17% [2]

Core Viewpoint - The company, Meilixin Technology Co., Ltd., is strategically positioning itself in the liquid cooling sector to meet the growing demand for efficient heat dissipation driven by the explosive growth in global data centers, high-performance computing, and artificial intelligence [2] Company Overview - Meilixin was established on May 14, 2001, and went public on April 24, 2023. The company specializes in the research, production, and sales of aluminum alloy precision die-casting parts in the communication and automotive sectors [7] - The revenue composition of the company is as follows: automotive components 64.79%, communication structural parts 29.88%, and other components 5.33% [7] Business Strategy - The company has established a strategic focus on liquid cooling technology, which is applicable in three main areas: new energy vehicles, communication heat dissipation, and data centers. This initiative aims to provide customized solutions to meet market demands for efficient cooling [2] - Meilixin is a core supplier of aluminum alloy precision die-casting parts for major communication equipment manufacturers, including Huawei and Ericsson, making it one of the most competitive companies in this field [3] Financial Performance - As of September 30, 2025, Meilixin reported a revenue of 2.82 billion yuan, representing a year-on-year growth of 8.93%. However, the net profit attributable to shareholders was -215 million yuan, a significant decrease of 347.98% compared to the previous year [8] - The company has distributed a total of 25.27 million yuan in dividends since its A-share listing [9] Shareholder Information - As of September 30, 2025, the number of shareholders for Meilixin was 17,800, a decrease of 9.35% from the previous period. The average number of circulating shares per person increased by 10.32% to 6,108 shares [8]

二、培训内容 本次现场培训的主题为《再融资要点培训》，主要从再融资对上市公司的意 义、再融资的类别、再融资发行条件、再融资发行方案的核心要素及再融资监管 政策进行了讲解，同时对相关人员的提问进行现场解答和交流。 长江证券承销保荐有限公司（以下简称"长江保荐"或"保荐人"）作为重 庆美利信科技股份有限公司（以下简称"美利信"或"公司"）首次公开发行股 票并在创业板上市的保荐人，根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》（2025 年修订）的要求，对公司董事、高级管理人员、中层 以上管理人员及上市公司控股股东和实际控制人等相关人员进行了持续督导培 训。 现将本次培训的相关情况报告如下： 一、培训基本情况 培训时间：2025 年 12 月 25 日 培训地点：公司二楼会议室 培训对象：公司董事、高级管理人员、中层以上管理人员及上市公司控股股 东和实际控制人等相关人员 长江证券承销保荐有限公司 关于重庆美利信科技股份有限公司 2025 年度持续督导培训情况报告 （本页无正文，为《长江证券承销保荐有限公司关于重庆美利信科技股份有限公 司 2025 年度持续督导培训情况报告》之签章页） 保荐代表人 ...

Core Viewpoint - The company, Meilixin Technology Co., Ltd., is strategically positioned in the liquid cooling sector to meet the growing demand for efficient heat dissipation driven by the explosive growth in global data centers, high-performance computing, and artificial intelligence [2] Group 1: Company Overview - Meilixin was established on May 14, 2001, and went public on April 24, 2023, focusing on the research, production, and sales of aluminum alloy precision die-casting parts in the communication and automotive sectors [7] - The company's revenue composition includes 64.79% from automotive parts, 29.88% from communication components, and 3.84% from other categories [7] - Meilixin is a core supplier of aluminum alloy precision die-casting parts for major communication equipment manufacturers, including Huawei and Ericsson [3] Group 2: Financial Performance - For the period from January to September 2025, Meilixin achieved a revenue of 2.82 billion yuan, representing a year-on-year growth of 8.93%, while the net profit attributable to shareholders was -215 million yuan, a decrease of 347.98% year-on-year [8] - The company has distributed a total of 25.27 million yuan in dividends since its A-share listing [9] Group 3: Market Position and Recognition - Meilixin has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title in China for companies excelling in niche markets with strong innovation capabilities [3] - The company is involved in several concept sectors, including solid-state batteries, vehicle networking, and energy storage [7] Group 4: Shareholder and Market Activity - As of September 30, 2025, Meilixin had 17,800 shareholders, a decrease of 9.35% from the previous period, with an average of 6,108 circulating shares per person, an increase of 10.32% [8] - The stock has seen a net outflow of 17.80 million yuan from major investors today, with a total net outflow of 2.55 billion yuan over the past three days [5]

Core Viewpoint - The company, Meilixin Technology, has established a joint venture with Taiwan's Juyuan Innovation to enhance its liquid cooling business, while also engaging in discussions with Intel for advanced cooling solutions in high-performance computing [1][2]. Group 1: Liquid Cooling Business Development - Meilixin has formed a joint venture named Xinchang Zhileng (Anhui) Precision Technology Co., Ltd. with Juyuan Innovation, completing the registration on December 29 [1]. - The company has received a sample order for AMD's next-generation high-performance CPU water cooling board and aims for mass production by Q1 2026 [2]. - Intel's delegation visited Meilixin to discuss advanced cooling technologies, with plans to develop solutions for high-power AI servers [2]. Group 2: Market Potential and Strategic Positioning - Meilixin's liquid cooling products are expected to expand from communication base stations to computing and energy storage applications, with a focus on extreme cooling scenarios [3]. - The company is positioned to leverage synergies between its communication and liquid cooling sectors, targeting high-power base station cooling solutions [4]. - The domestic telecom operators are projected to invest nearly 20 billion in 5G-A plans by 2025, providing significant growth opportunities for Meilixin's communication and liquid cooling segments [4]. Group 3: Diverse Business Segments - Meilixin's operations span four main sectors: communication, automotive, semiconductor, and liquid cooling, with a concentrated push expected in 2026 [4]. - In the automotive sector, Meilixin has established a decade-long partnership with Tesla and is also supplying components to other major North American manufacturers [5]. - The semiconductor business has seen Meilixin stabilize its position within the supply chains of leading industry players, enhancing its capabilities from individual components to system-level modules [4].

Company and Industry Summary Company Overview - The company is involved in the semiconductor industry, with a focus on integrated modules and components for high-end manufacturing processes, including etching, lithography, and testing [2][5][6]. Key Points Semiconductor Business Growth - The company's semiconductor orders have exceeded 200 million yuan, with an expected delivery of approximately 170 million yuan this year. Orders are projected to surpass 500 million yuan next year, indicating a doubling growth rate annually [2][5]. - The product range includes robotic arms, vacuum chambers, human disk bases, and tooling parts, covering the entire process from etching to lithography and testing [2][5]. Strategic Partnerships - A collaboration with AMD has led to the delivery of initial samples in October, with validation and mass production expected in the first half of 2026. Initial monthly production is anticipated to be between 3,000 and 5,000 units, with significant growth potential [2][9]. - The company is also engaging with Intel for technology and business discussions, aiming for collaborative development on advanced technologies, with a goal to achieve certification for Intel's joint development lab by the second half of 2026 [2][8]. Recent Developments - A joint venture with a Taiwanese company, "信创智能安徽精密技术有限公司," has been registered, and production line construction is on track to be completed in the first quarter [3]. - The company is transitioning from individual components to integrated modules, which has significantly increased transaction volumes and is expected to continue driving growth [6]. Market Position and Future Outlook - The company is shifting its focus to high-value products in the semiconductor and cooling technology sectors, with plans to reduce unprofitable products in traditional markets [12][13]. - In the emerging business areas, particularly in energy storage and 5G-A communication components, the company has established a solid foundation and is recognized by leading clients, securing exclusive supply agreements [13]. Investor Relations - The company has initiated a share buyback plan and is actively improving investor relations through regular communication and engagement activities [10][14]. Challenges and Industry Trends - The traditional communication and automotive business faces challenges due to industry cycle fluctuations, but the company is adapting by leveraging its established customer base and focusing on high-margin products [12][13]. Additional Insights - The company is positioned to benefit from the growing demand in the semiconductor market, particularly as it enhances its product offerings and strengthens partnerships with major industry players like AMD and Intel [2][9][13].

Group 1 - *ST Changyao received a warning for potential delisting due to three consecutive years of inflated revenue and profits, with a proposed fine of 10 million yuan for the company and 31 million yuan for 14 individuals involved [2] - Newquan Co. plans to issue H-shares and list on the Hong Kong Stock Exchange [3] - State Grid Yingda intends to sell 100% equity of Yingda Futures for 1.129 billion yuan [4] Group 2 - Baihua Pharmaceutical's controlling shareholders are planning a transfer of shares that may lead to a change in control, with trading suspension starting December 29 [5] - China Duty Free Group's subsidiary won a bid for the Beijing Capital International Airport duty-free project, with a guaranteed operating fee of 480 million yuan for the first year [6] - Yongding Co. clarified that it does not manufacture controlled nuclear fusion devices but provides materials for the magnetic coils, with minimal impact on its revenue [7] Group 3 - Zaiseng Technology reported no current orders for its high-silica fiber products, which have a negligible impact on overall revenue [8] - Hongxing Development announced the relocation and suspension of its subsidiary Dazuhongdie, with production equipment being transferred to another subsidiary [9] Group 4 - Meilixin received a supplier designation from a global commercial vehicle company, expecting total sales of approximately 640 million yuan over the next seven years [11] - Jianghe Group's subsidiary won a contract for a project worth about 112 million yuan, representing 0.5% of the company's projected revenue for 2024 [12] Group 5 - Xugong Machinery's controlling shareholder plans to increase its stake in the company by investing between 80 million and 160 million yuan [14] - Tengjing Technology's shareholder, Longyao Investment, intends to reduce its stake by up to 1.902% through block trading [15]

Core Viewpoint - Meilixin (301307.SZ) has received a supplier designation notification from a leading global commercial vehicle company, indicating a new business opportunity in the automotive sector [1] Group 1: Business Development - The company will develop and supply engine camshaft frame components for the client [1] - Production is expected to commence in the third quarter of 2027 [1] - The total sales amount for the project over the next seven years (2027-2033) is projected to be approximately 640 million RMB [1]

Core Viewpoint - Meilixin (301307.SZ) has received a supplier designation notification from a leading global commercial vehicle company, indicating a new business opportunity in the automotive sector [1] Group 1: Project Details - The company will develop and supply engine camshaft frame components for the client [1] - Mass production for this project is expected to commence in the third quarter of 2027 [1] - The total sales amount for the project over the next seven years (2027-2033) is projected to be approximately 640 million RMB [1]

Core Viewpoint - Meilixin (301307) has received a supplier designation notification from a leading global commercial vehicle company, indicating a new business opportunity in the automotive sector [1] Group 1: Company Developments - The company will develop and supply engine camshaft frame components for the client [1] - The project is expected to commence mass production in the third quarter of 2027 [1] Group 2: Financial Projections - The total sales revenue from this project is projected to be approximately 640 million RMB over the next seven years, from 2027 to 2033 [1]